Franklin FTSE Japan ETF (FLJP)
Fifth Third Bancorp Acquires Shares of 75,857 Franklin FTSE Japan ETF $FLJP
Fifth Third Bancorp bought a new position in Franklin FTSE Japan ETF (NYSEARCA:FLJP) during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 75,857 shares of the company's stock, valued at approximately $2,745,000. Fifth Third Bancorp owned about 0.08%
FLJP: I'm Using The Sell-Off To Go Long Japanese Equities
Franklin FTSE Japan ETF offers cost-effective exposure to large- and mid-cap Japanese equities. FLJP stands out for its lower expense ratio compared to BBJP and EWJ, making it attractive for cost-conscious investors. Recent global volatility, driven by Middle East conflict and oil price spikes, has pressured Japanese equities, with FLJP down about 5% in the past month. I view this opportunistically.
FLJP: A Cost-Efficient ETF To Play An Impending GDP Growth Rebound
The Franklin FTSE Japan ETF is the most cost-efficient Japanese-focused ETF around (expense ratio of just 9 bps) and currently also offers an impressive +5% yield. The ETF's cyclical-heavy portfolio is levered to Japan's economic recovery, supported by a fresh $135B fiscal package and improving manufacturing/export trends. FLJP is priced at a 11-23% discount to its global counterparts and could benefit from upside mean reversion.
Cetera Investment Advisers Increases Stock Position in Franklin FTSE Japan ETF $FLJP
Cetera Investment Advisers boosted its position in Franklin FTSE Japan ETF (NYSEARCA:FLJP) by 31.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,242 shares of the company's stock after acquiring an additional 10,272 shares during the period. Cetera
FLJP: Political Turmoil Is A Concern For Japanese Markets
The Franklin FTSE Japan ETF faces headwinds from Japanese political turmoil, coalition rupture, and uncertainty over government fiscal policy. Political instability threatens the BoJ's rate hike plans, weakening the yen; this benefits exporters but raises concerns for domestic sectors and imported inflation. FLJP's automotive exposure gains from a weaker yen, but US tariffs and slowing exports diminish the upside for the ETF's industrial and consumer discretionary holdings.
FLJP: Japanese Stocks Get A Boost From Tariff Relief, But Headwinds Still Loom
The U.S.-Japan trade deal capped tariffs at 15%, including auto tariffs, sparking a relief rally in Japanese equities, especially autos and industrials. Franklin FTSE Japan ETF is well positioned for short-term gains due to its low costs, sector diversification, and overweight to Japanese industrials and auto manufacturers.
FLJP: Downside Risks Loom Amid Yen, Tariff Worries
The Franklin FTSE Japan ETF's performance is heavily influenced by the USD/yen exchange rate. The Bank of Japan's aims to raise rates could do little for the yen, as the FOMC could offset the BO by not cutting rates again this year. The prospects of rising US tariffs could negatively impact Japanese firms and weaken the yen.
FLJP: Tariffs A Dark Cloud Over Automotive-Dominated Index
The Franklin FTSE Japan ETF is value-weighted and heavily exposed to the automotive and industrial sectors, making it vulnerable to a stronger Yen and potential US tariffs. We are optimistic about the Yen due to robust Japanese consumption data, but caution against large-cap investments highly correlated to the Japanese index. Higher rates in Japan could benefit financials and the Yen but hurt the broader market, especially export-reliant sectors like automotive.
FLJP: A Good Japan Fund, But Be Careful Of The Yen
Japan's markets have been strong due to Yen weakness, making Franklin FTSE Japan ETF a good long-term investment option for exposure to Japan's competitive and efficient markets. The FLJP ETF mirrors the FTSE Japan RIC Capped Index, providing broad exposure to large and mid-cap Japanese equities, including major global players like Toyota and Sony. FLJP offers low-cost access to Japan's equity market, but the fund is not currency hedged, posing a risk if the Yen strengthens significantly.
FLJP: On Second Thought, The Yen Probably Stays Weak
The Franklin FTSE Japan ETF is mostly value-weighted and has an overweight position in consumer discretionary and IT sectors. The Yen is weak, which is generally good for the FLJP, but it could derail the Japanese consumer, which matters for policy and for the performance of some market sectors. We thought a BoJ pivot might raise the Yen up a bit, but the pivot was underwhelming and it seems structural issues will keep the Yen weak.
FLJP: Fragile Growth Of Japanese Equities May Not Last For Long
Franklin FTSE Japan ETF may seem like a solid option for exposure to Japanese equities with low expense ratio and acceptable liquidity. FLJP ETF underperformed against the S&P500 despite the strong rally of the Nikkei 225 index. Lack of FX hedge in FLJP and other Japan ETFs leads to relative underperformance compared to dollar-denominated securities.
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FLJP: Too Far Too Fast For Japanese Equities
As large-cap Japanese ETFs go, the Franklin FTSE Japan ETF is one of the better options, particularly for cost-sensitive investors. Having already outperformed this year, though, valuations look stretched relative to the underlying earnings growth of Japanese large-caps. While there are positive catalysts to the Japanese story, I won't be dipping in anytime soon - not without a meaningful pullback.
FLJP: Equities Love Liquidity
We fled to where credit was flush when we saw what was happening in the West to sponsor activity and the credit crunch concerns. Japan is the only market that we were sure was not going to hike rates, even though speculation that they would have been persisting since before Christmas. With the Yen already having taken its hit in 2022, the current 2023 run shows a record of pure profit for Western investors.
ETFs to Tap the Surge in Japan Stocks
Japan stocks have been outperforming, with the country's Topix benchmark climbing to its highest since 1990 and Nikkei 225 rising to the highest close in 16 months.
Under the Hood of $1 Billion Japan ETF FLJP
Once and a while, it's worth taking a deep dive into why a particular ETF may be rising above the others, whether that's based on performance, volume, or as in this case, AUM.
Buffett Bullish on Japan, Investors Can Follow Suit With This ETF
Warren Buffett has been bullish on select Japanese equities for several years and the Oracle of Omaha recently told members of the press in the Land of the Rising Sun that his Berkshire Hathaway (NYSE: BRK-B) is boosting stakes in some of the Japanese financial services it currently holds shares of and is evaluating other
Positive Japan News Boosts FLJP ETF
Investing in foreign equities amid such a complicated year for geopolitical and rising rate concerns hasn't been easy, but Japan has recently been a bright spot.
Japanese Equities Continuing Recent Outperformance
After underperforming earlier in the year, Japanese equities started rising in late August and should maintain strong momentum in the coming months. The Japanese economy's growth in the recovery quarter, Q2, was solid; and the full-year growth rate for 2021 is projected at 2.4%.
Best Japan ETFs for Q2 2021
The best Japan ETFs for Q2 2021 are FLJP, BBJP, and JPXN.